Automotive

China auto sales off 22.4% in first half of 2020

China's auto sales rose 1.8% in June over a year earlier but fell by double digits for the first half of 2020 after the country shut down to fight the coronavirus, an industry group reported Friday.

Automotive

Vietnam's VinFast targets US electric car market

Vietnamese electric vehicle maker VinFast has made its debut on the Nasdaq, and its shares soared to push its stock market valuation past Ford and General Motors on its opening day of trading.

Business

Upscale hotels benefit from EV charging stations, study shows

Electric vehicles (EVs) are becoming increasingly important in the global effort to reduce reliance on fossil fuels, driving massive growth in consumer demand. This demand has wide-reaching impacts, particularly on tourism.

Automotive

Chip crisis pushes European car sales to new low

EU car sales fell to a new low last year as the auto sector was hobbled by the Covid pandemic and a shortage of computer chips, industry figures showed Tuesday.

Automotive

Tesla's market value tops $1T after Hertz orders 100K cars

Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation's increasing commitment to EV technology.

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